December wholesale prices rise more than expected
Year-over-year consumer price inflation has now risen for four straight months.
Inflation
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Inflation rose in January as prices for groceries, housing picked up
Wednesday’s data could strengthen the case for the Federal Reserve to remain in an extended pause mode while the economy is strong and inflation remains elevated.
Powell says Fed ‘well positioned’ for ‘risks and uncertainties’ that lie ahead
The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job market is solid, Chair Jerome Powell said Tuesday.
Federal Reserve expected to stand pat on rates even as Trump demands cuts
Fed officials have clearly signaled they expect to skip a rate hike, at least in January, to evaluate the job market and economy.
Average rate on 30-year mortgage hits highest level since May
While sales of previously occupied U.S. homes rose in November for the second straight month, the housing market was on track to end 2024 as its worst year for sales since 1995.
Wholesale inflation rises on higher energy costs
The overall increases were slightly less than economists had forecast. U.S. markets leapt higher immediately on the new inflation data.
U.S. payrolls growth picks up, unemployment rate drops
The U.S. economy in December added the most jobs since March, capping a surprisingly strong year and supporting the case for a pause in Federal Reserve interest-rate cuts.
U.S. economy grew at 3.1% pace in third quarter
GDP growth has now topped 2% in eight of the last nine quarters.
Fed cuts its key rate by quarter-point but envisions fewer reductions next year
New quarterly projections suggest that consumers may not enjoy much lower rates next year for mortgages, auto loans, credit cards and other forms of borrowing.
Federal Reserve likely to slow rate cuts with inflation pressures still elevated
Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting.
Wholesale inflation accelerates sharply on higher food prices
Measured from 12 months earlier, wholesale prices climbed 3% in November, the sharpest year-over-year rise since February 2023.
Inflation ticks up as some price pressures remain persistent
Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month.
Inflation gauge ticks higher with price pressures still stubborn
Consumer prices rose 2.3% in October from a year earlier. That’s up from 2.1% in September, although it’s still only modestly above the Fed’s 2% target.
Federal Reserve officials signal cautious path for rate cuts amid still-high inflation
Even if inflation continued declining to the Fed’s 2% target, officials said, “it would likely be appropriate to move gradually” in lowering rates, according to minutes of the November 6-7 meeting.
U.S. economy should continue growing in 2025, economist says
The U.S. economy is strong and should continue to grow next year, Fifth Third Bank Chief Investment Strategist Tom Jalics said at IBJ’s 2025 Economic Forecast breakfast Thursday.
October’s retail sales report shows solid growth
One cautionary note is that grocery-store sales barely rose last month, a sign that many Americans might still be struggling to adapt to food prices that are still much higher than they were three years ago.
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
After Powell’s cautious remarks Thursday, traders estimated the likelihood of a Federal Reserve rate cut in December at just below 59%, down from 83% a day earlier.
Right before the election, inflation rose to 2.6 percent annual rate
The bulk of October’s monthly increase was driven by a rise in shelter costs, which were up 0.4 percent last month and grew by 4.9 percent annually.
Restaurants, other services still in grip of high inflation
While prices for most goods have been falling throughout the year, inflation for food services and home and auto insurance remain stubbornly high.
Key U.S. inflation gauge, spending pick up in mixed economic report
The Federal Reserve’s preferred measure of underlying U.S. inflation posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s outsize reduction.